Top Industrial Control Transformer Companies

The industrial control transformer market is estimated to be valued at USD 1.14 billion in 2025 and is projected to reach USD 1.48 billion by 2030, growing at a CAGR of 5.3%. This market is fueled by the rapid pace of industrial automation, the expansion of manufacturing facilities worldwide, and the rising need for a reliable and stable power supply in critical operations. The increasing adoption of Industry 4.0 practices and smart factories has heightened the demand for precise voltage regulation and energy-efficient control equipment, directly supporting transformer deployment. Additionally, oil & gas, power generation, chemicals, and metal sectors are undergoing modernization, creating demand for high-capacity and durable transformers. Government initiatives promoting energy efficiency and industrial electrification, particularly in emerging economies, further strengthen market expansion. Moreover, the surge in renewable energy integration and digitalized monitoring solutions creates new opportunities for advanced transformer applications, accelerating the market growth trajectory.

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Major players with a wide regional presence in the industrial control transformer market include ABB (Switzerland), Schneider Electric (France), Siemens (Germany), GE Vernova (US), and Eaton (Ireland). These prominent corporations have employed various growth methods, including acquisitions, product launches, agreements, investments, contracts, and expansions, to enhance their market share in the industrial control transformer market.

In March 2025, ABB expanded its operations in the US to strengthen its global manufacturing capabilities. As part of this growth strategy, the company invested USD 120 million to scale up transformer production. This includes establishing a state-of-the-art manufacturing facility in Selmer, Tennessee, and expanding its existing operations in Senatobia, Mississippi, effectively doubling the site’s footprint. Similarly, in February 2025, Eaton announced the establishment of a new manufacturing facility in South Carolina dedicated to its three-phase transformers—its third such facility in the US. The image illustrates the transformer manufacturing process at Eaton’s existing facility in Wisconsin.

Siemens (Germany)

Siemens is a leading technology group operating worldwide. The company focuses on automation and digitalization in the process and manufacturing industries, intelligent infrastructure for buildings, distributed energy systems, smart mobility solutions for rail and road, advanced technologies in the medical sector, and digital healthcare services. It operates through the following segments: Siemens Healthineers, Smart Infrastructure, Digital Industries, and Mobility. It provides its industrial control transformers under the Smart Infrastructure business segment. The company specializes in rugged, noise-isolating control transformers with silicon steel lamination and high-quality copper windings for optimal performance in harsh industrial environments. Their Class MT and MTG transformers are UL and CSA certified, designed per NEMA ICS2 standards, and support global applications with multi-tap configurations and touch-safe terminals. The R&D activities of the Smart Infrastructure focus on sustainable and decarbonized infrastructure in electrification, distribution grids, and buildings. R&D efforts strengthen the capabilities of the segment to provide comfortable, safe, and energy-efficient buildings and infrastructures that support increased efficiency for occupants, equipment, and the use of building space. The segment is expanding its digital offerings to include cloud solutions using field data from controllers and IoT devices. Its products and services are available worldwide, with manufacturing operations in over 20 countries. The businesses outside the US are primarily based in Germany, the UK, Italy, India, China, Canada, and the Netherlands.

Eaton (Ireland)

Eaton is a power management company that provides energy-efficient solutions related to electrical, hydraulic, and mechanical power. The company offers a range of electrical components, industrial components, power distribution and assemblies, residential products, single-phase power quality and connectivity systems, three-phase power quality systems, wiring devices, circuit protection equipment, power distribution systems, power reliability equipment, and services. It operates through five business segments, namely, Electrical Americas, Electrical Global, Aerospace, Vehicle, and e-Mobility. The company offers industrial control transformers through its Electrical Global and Electrical Americas segments. The principal markets for these segments are industrial, institutional, governmental, utility, commercial, residential, and information technology. Its MTE, MTK, and AP series transformers emphasize energy efficiency, compact design, and compliance with UL5085 and IEC 61558 standards for safe and reliable operation. Their transformers are engineered for modular power distribution, supporting decentralized systems and offering enhanced uptime for mission-critical industrial applications. It manages and operates its business globally in over 170 countries. It operates through its 284 manufacturing facilities across 42 countries while maintaining its distribution channels worldwide.

Market Ranking

The industrial control transformer market is highly competitive, with five leading players collectively holding 35–45% of the market share. ABB is a leading global technology company that supports the transformation of society and various industries to achieve a more productive and sustainable future. The company’s products and services cater to various industries, such as automotive, building & infrastructure, industrial automation, railways, and oil & gas. Schneider Electric is a pioneer in the digital transformation of energy management and automation. It provides integrated efficiency and networking software solutions. It also offers its products and services to various industries, such as automotive, banking & finance, cloud and service providers, data centers and network solutions, electricity companies, healthcare, and machine automation. Siemens is a leading technology group operating worldwide. The company focuses on automation and digitalization in the process and manufacturing industries, intelligent building infrastructure, distributed energy systems, smart mobility solutions for rail and road, advanced technologies in the medical sector, and digital healthcare services. Eaton is a power management company that provides energy-efficient solutions related to electrical, hydraulic, and mechanical power. GE Vernova is a global energy company that focuses on accelerating the energy transition through its comprehensive portfolio of solutions related to power generation, renewable energy, and grid technologies. It is a power management company that provides energy-efficient electrical, hydraulic, and mechanical power solutions. The remaining 65–55% of the market is shared among other regional and emerging vendors, contributing to extensive fragmentation and offering opportunities for smaller players to establish a footprint. Rapid technological advancements and the need for product differentiation drive market competition. Key players focus on innovation, pricing, and expanding regional presence to gain a competitive edge.

Related Reports:

Industrial Control Transformer Market by Power Rating (25–500 VA, 501–1,000 VA, 1,001–1,500 VA, above 1,500 VA), Primary Voltage (Up to 120 V, 121–240 V, above 240 V), Frequency (50 Hz, 60 Hz), Phase, End Use, and Region - Global Forecasts to 2030

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